Common use of Right to Examine Servicer Records Clause in Contracts

Right to Examine Servicer Records. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee, the Owner Trustee and each of their respective agents shall have the right upon reasonable prior notice, during normal business hours and as often as reasonably required, to examine, audit and copy, at the expense of the Person making such examination, any and all of the books, records or other information of the Servicer (including without limitation any Subservicer to the extent provided in the related Subservicing Agreement), whether held by the Servicer or by another on behalf of the Servicer, which may be relevant to the performance or observance by the Servicer of the terms, covenants or conditions of this Agreement. In the case of the supervisory agents and examiners of the Issuer, the Indenture Trustee, the Grantor Trustee, the Owner Trustee, the Grantor Trust Holder and the Securityholders, access to the documentation regarding the Home Loans required by applicable state and federal regulations shall be afforded without charge but only upon reasonable request and during normal business hours at the offices of the Servicer designated by it. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee and the Owner Trustee agree that any information obtained pursuant to the terms of this Agreement shall be held confidential. The Servicer also agrees to make available on a reasonable basis to the Securityholders or any prospective Securityholder a knowledgeable financial or accounting officer for the purpose of answering reasonable questions respecting recent developments affecting the Servicer or the financial statements of the Servicer and to permit the Securityholders and any prospective Securityholder to inspect the Servicer's servicing facilities during normal business hours for the purpose of satisfying the Securityholders and such prospective Securityholder that the Servicer has the ability to service the Home Loans in accordance with this Agreement.

Appears in 3 contracts

Samples: Statements And (Empire Funding Home Loan Owner Trust 1997-5), Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1998-1), Sale and Servicing Agreement (Master Financial Asset Securitization Trust 1998-2)

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Right to Examine Servicer Records. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee, the Owner Trustee Issuer and each of their respective agents shall have the right upon reasonable prior notice, during normal business hours and as often as reasonably required, to examine, audit and copy, at the expense of the Person making such examination, any and all of the books, records or other information of the Servicer (including without limitation any Subservicer to the extent provided in the related Subservicing Agreement), whether held by the Servicer or by another on behalf of the Servicer, which may be relevant to the performance or observance by the Servicer of the terms, covenants or conditions of this Agreement. In the case of the supervisory agents and examiners of the Issuer, the Indenture Trustee, the Grantor Trustee, the Owner Trustee, the Grantor Trust Holder Trustee and the Securityholders, access to the documentation regarding the Home Loans required by applicable state and federal regulations shall be afforded without charge but only upon reasonable request and during normal business hours at the offices of the Servicer designated by it. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee and the Owner Trustee Issuer agree that any information obtained pursuant to the terms of this Agreement shall be held confidential. The Servicer also agrees to make available on a reasonable basis to the Securityholders or any prospective Securityholder a knowledgeable financial or accounting officer for the purpose of answering reasonable questions respecting recent developments affecting the Servicer or the financial statements of the Servicer and to permit the Securityholders and any prospective Securityholder to inspect the Servicer's servicing facilities during normal business hours for the purpose of satisfying the Securityholders and such prospective Securityholder that the Servicer has the ability to service the Home Loans in accordance with this Agreement.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1997-4), Sale and Servicing Agreement (Financial Asset Securities Corp)

Right to Examine Servicer Records. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee, the Owner Trustee Trustee, Depositor and each of their respective agents shall have the right upon reasonable prior notice, during normal business hours and as often as reasonably required, to examine, audit and copy, at the expense of the Person making such examination, any and all of the books, records or other information of the Servicer (including without limitation any Subservicer to the extent provided in the related Subservicing Agreement), whether held by the Servicer or by another on behalf of the Servicer, which may be relevant to the performance or observance by the Servicer of the terms, covenants or conditions of this Agreement. In the case of the supervisory agents and examiners of the Issuer, the Indenture Trustee, the Grantor Trustee, the Owner Trustee, the Grantor Trust Holder and the Securityholders, access to the documentation regarding the Home Loans required by applicable state and federal regulations shall be afforded without charge but only upon reasonable request and during normal business hours at the offices of the Servicer designated by it. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee and the Owner Trustee agree that any information obtained pursuant to the terms of this Agreement shall be held confidential. The Servicer also agrees to make available on a reasonable basis to the Securityholders or any prospective Securityholder a knowledgeable financial or accounting officer for the purpose of answering reasonable questions respecting recent developments affecting the Servicer or the financial statements of the Servicer and to permit the Securityholders and any prospective Securityholder to inspect the Servicer's servicing facilities during normal business hours for the purpose of satisfying the Securityholders and such prospective Securityholder that the Servicer has the ability to service the Home Loans in accordance with this Agreement.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv), Sale and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv)

Right to Examine Servicer Records. Each Securityholder, Grantor Trust HolderThe Certificate Insurer, the Indenture Trustee, the Grantor Trustee, the Owner Trustee Depositor and each of their respective agents shall have the right upon reasonable prior notice, during normal business hours and as often as reasonably required, (i) to examine, audit and audit, copy, at the expense of the Person making such examination, any and all of the books, records or other information of the Servicer (including without limitation any Subservicer to the extent provided in the related Subservicing Agreement), ) whether held by the Servicer or by another on behalf of the Servicer, which may be relevant to the performance or observance by the Servicer of the terms, covenants or conditions of this Agreement. In the case of the supervisory agents and examiners of the Issuer, the Indenture Trustee, the Grantor Trustee, the Owner Trustee, the Grantor Trust Holder and the Securityholders, access Insurance Agreement or any other related document; (ii) to the documentation regarding the Home Loans required by applicable state and federal regulations shall be afforded without charge but only upon reasonable request and during normal business hours at visit the offices and properties of the Servicer designated and of the Seller for the purpose of examining such materials and to discuss matters relating to the Mortgage Loans and the Servicer's and the Seller's performance under this Agreement with any of the officers or employees of the Servicer and the Seller having knowledge thereof and with the independent public accountants of the Servicer (and by it. Each Securityholderthis provision the Servicer and the Seller each authorize their respective accountants to discuss their respective finances and affairs), Grantor Trust Holderall at such reasonable times, as often as may be reasonably requested and without charge to such Certificateholder, the Indenture Certificate Insurer or the Trustee. The Certificate Insurer, each Certificateholder, the Grantor Trustee and the Owner Trustee Depositor agree that any information obtained pursuant to the terms of this Agreement shall be held confidential. The Servicer also agrees confidential (unless readily available from public sources), except as may be otherwise required by regulation, law or court order or requested by appropriate governmental authorities or as necessary to preserve its rights or security under or to enforce this Agreement, the Purchase Agreement, the Sale Agreement, the Insurance Agreement, the Custodial Agreement or an other related document, provided that the foregoing shall not limit the right of the Certificate Insurer to make such information available on a reasonable basis to the Securityholders or any prospective Securityholder a knowledgeable financial or accounting officer for the purpose of answering reasonable questions respecting recent developments affecting the Servicer or the financial statements of the Servicer its regulators, securities rating agencies, reinsurers, credit and to permit the Securityholders liquidity providers, counsel and any prospective Securityholder to inspect the Servicer's servicing facilities during normal business hours for the purpose of satisfying the Securityholders and such prospective Securityholder that the Servicer has the ability to service the Home Loans in accordance with this Agreementaccountants.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc)

Right to Examine Servicer Records. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee, the Owner Trustee Trustee, Depositor, the Master Servicer and each of their respective agents shall have the right upon reasonable prior notice, during normal business hours and as often as reasonably required, to examine, audit and copy, at the expense of the Person making such examination, any and all of the books, records or other information of the Servicer (including without limitation any Subservicer to the extent provided in the related Subservicing AgreementSubservicer), whether held by the Servicer or by another on behalf of the Servicer, which may be relevant to the performance or observance by the Servicer of the terms, covenants or conditions of this Agreement. In the case of the supervisory agents and examiners of the Issuer, the Indenture Trustee, the Grantor Trustee, the Owner Trustee, the Grantor Trust Holder Holder, the Master Servicer and the Securityholders, access to the documentation regarding the Home Loans required by applicable state and federal regulations shall be afforded without charge but only upon reasonable request and during normal business hours at the offices of the Servicer designated by it. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee and the Owner Trustee agree that any information obtained pursuant to the terms of this Agreement shall be held confidential. The Servicer also agrees to make available on a reasonable basis to the Depositor, the Securityholders or any prospective Securityholder a knowledgeable financial or accounting officer for the purpose of answering reasonable questions respecting recent developments affecting the Servicer or the financial statements of the Servicer and to permit the Depositor, the Securityholders and any prospective Securityholder to inspect the Servicer's servicing facilities during normal business hours for the purpose of satisfying the Depositor, the Securityholders and such prospective Securityholder that the Servicer has the ability to service the Home Loans in accordance with this Agreement. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee, the Master Servicer and the Owner Trustee agree that any information obtained pursuant to the terms of this Agreement shall be held confidential.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Painewebber Mort Accept Corp Iv Empire Funding 1999-1)

Right to Examine Servicer Records. Each Securityholder, Grantor Trust HolderCertificateholder, the Indenture Trustee, the Grantor Trustee, the Owner Trustee and each of their respective agents shall have the right upon reasonable prior notice, during normal business hours and as often as reasonably required, to examine, audit and copy, at the expense of the Person making such examination, any and all of the books, records or other information of the Servicer (including without limitation any Subservicer to the extent provided in the related Subservicing Agreement), ) whether held by the Servicer or by another on behalf of the Servicer, which may be relevant to the performance or observance by the Servicer of the terms, covenants or conditions of this Agreement. In the case of the supervisory agents and examiners of the Issuer, the Indenture Trustee, the Grantor Trustee, the Owner Trustee, the Grantor Trust Holder Trustee and the SecurityholdersCertificateholders, access to the documentation regarding the Home Loans required by applicable state and federal regulations shall be afforded without charge but only upon reasonable request and during normal business hours at the offices of the Servicer designated by it. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee Certificateholder and the Owner Trustee agree that any information obtained pursuant to the terms of this Agreement shall be held confidential. The Servicer also agrees to make available on a reasonable basis to the Securityholders Certificateholders or any prospective Securityholder Certificateholder a knowledgeable financial or accounting officer for the purpose of answering reasonable questions respecting recent developments affecting the Servicer or the financial statements of the Servicer and to permit the Securityholders Certificateholders and any prospective Securityholder Certificateholder to inspect the Servicer's servicing facilities during normal business hours for the purpose of satisfying the Securityholders Certificateholders and such prospective Securityholder Certificateholder that the Servicer has the ability to service the Home Loans in accordance with this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Securities Corp)

Right to Examine Servicer Records. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee, the Owner Trustee Issuer Trust and each of their respective agents shall have the right upon reasonable prior notice, during normal business hours and as often as reasonably required, to examine, audit and copy, at the expense of the Person making such examination, any and all of the books, records or other information of the Servicer (including without limitation any Subservicer to the extent provided in the related Subservicing Agreement), whether held by the Servicer or by another on behalf of the Servicer, which may be relevant to the performance or observance by the Servicer of the material terms, covenants or conditions of this Agreement. In the case of the supervisory agents and examiners of the IssuerIssuer Trust, the Indenture Trustee, the Grantor Trustee, the Owner Trustee, the Grantor Trust Holder Trustee and the Securityholders, access to the documentation regarding the Home Loans Trust Assets required by applicable state and federal regulations shall be afforded without charge but only upon reasonable request and during normal business hours at the offices of the Servicer designated by it. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee and the Owner Trustee Issuer Trust agree that any information obtained pursuant to the terms of this Agreement shall be held confidential. The Servicer also agrees to make available on a reasonable basis to the Securityholders or any prospective Securityholder a knowledgeable financial or accounting officer for the purpose of answering reasonable questions respecting recent developments affecting the Servicer or the financial statements of the Servicer and to permit the Securityholders and any prospective Securityholder to inspect the Servicer's servicing facilities during normal business hours for the purpose of satisfying the Securityholders and such prospective Securityholder that the Servicer has the ability to service and administer the Home Loans Trust Assets in accordance with this Agreement.

Appears in 1 contract

Samples: Ascent Entertainment Group Inc

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Right to Examine Servicer Records. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee, the Owner Trustee Trustee, the Depositor, the Rating Agencies and each of their respective agents shall have the right upon reasonable prior notice, during normal business hours and as often as reasonably required, to examine, audit and copy, at the expense of the Person making such examination, any and all of the books, records or other information of the Servicer (including without limitation any Subservicer to the extent provided in the related Subservicing Agreement), whether held by the Servicer or by another on behalf of the Servicer, which may be relevant to the performance or observance by the Servicer of the terms, covenants or conditions of this Agreement, the Grantor Trustee, the Owner Trustee, the Grantor Trust Holder. In the case of the supervisory agents and examiners of the Issuer, the Indenture Trustee, the Grantor Trustee, the Owner Trustee, the Grantor Trust Holder and the Securityholders, access to the documentation regarding the Home Loans required by applicable state and federal regulations shall be afforded without charge but only upon reasonable request and during normal business hours at the offices of the Servicer designated by it. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee and the Owner Trustee agree that any information obtained pursuant to the terms of this Agreement shall be held confidential. The Servicer also agrees to make available on a reasonable basis to the Securityholders or any prospective Securityholder a knowledgeable financial or accounting officer for the purpose of answering reasonable questions respecting recent developments affecting the Servicer or the financial statements of the Servicer and to permit the Securityholders and any prospective Securityholder to inspect the Servicer's servicing facilities during normal business hours for the purpose of satisfying the Securityholders and such prospective Securityholder that the Servicer has the ability to service the Home Loans in accordance with this Agreement.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Painewebber Mort Accept Corp Iv Ditech Home Loan Ownr 1998-1)

Right to Examine Servicer Records. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee, the Owner Trustee and each of their respective agents shall have the right upon reasonable prior notice, during normal business hours and as often as reasonably required, to examine, audit and copy, at the expense of the Person making such examination, any and all of the books, records or other information of the Servicer (including without limitation any Subservicer to the extent provided in the related Subservicing Agreement), whether held by the Servicer or by another on behalf of the Servicer, which may be relevant to the performance or observance by the Servicer of the terms, covenants or conditions of this Agreement. In the case of the supervisory agents and examiners of the Issuer, the Indenture Trustee, the Grantor Trustee, the Owner Trustee, the Grantor Trust Holder Trustee and the Securityholders, access to the documentation regarding the Home Loans required by applicable state and federal regulations shall be afforded without charge but only upon reasonable request and during normal business hours at the offices of the Servicer designated by it. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee and the Owner Trustee agree that any information obtained pursuant to the terms of this Agreement shall be held confidential. The Servicer also agrees to make available on a reasonable basis to the Securityholders or any prospective Securityholder a knowledgeable financial or accounting officer for the purpose of answering reasonable questions respecting recent developments affecting the Servicer or the financial statements of the Servicer and to permit the Securityholders and any prospective Securityholder to inspect the Servicer's servicing facilities during normal business hours for the purpose of satisfying the Securityholders and such prospective Securityholder that the Servicer has the ability to service the Home Loans in accordance with this Agreement.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Life Financial Home Loan Owner Trust 1997-3)

Right to Examine Servicer Records. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee, the Owner Trustee Trustee, Depositor, the Securities Insurer, the Master Servicer and each of their respective agents shall have the right upon reasonable prior notice, during normal business hours and as often as reasonably required, to examine, audit and copy, at the expense of the Person making such examination, any and all of the books, records or other information of the Servicer (including without limitation any Subservicer to the extent provided in the related Subservicing Agreement), whether held by the Servicer or by another on behalf of the Servicer, which may be relevant to the performance or observance by the Servicer of the terms, covenants or conditions of this Agreement. In the case of the supervisory agents and examiners of the Issuer, the Indenture Trustee, the Grantor Trustee, the Owner Trustee, the Grantor Trust Holder Holder, the Securities Insurer, the Master Servicer and the Securityholders, access to the documentation regarding the Home Loans required by applicable state and federal regulations shall be afforded without charge but only upon reasonable request and during normal business hours at the offices of the Servicer designated by it. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee and the Owner Trustee agree that any information obtained pursuant to the terms of this Agreement shall be held confidential. The Servicer also agrees to make available on a reasonable basis to the Depositor, the Securityholders or any prospective Securityholder a knowledgeable financial or accounting officer for the purpose of answering reasonable questions respecting recent developments affecting the Servicer or the financial statements of the Servicer and to permit the Depositor, the Securityholders and any prospective Securityholder to inspect the Servicer's servicing facilities during normal business hours for the purpose of satisfying the Securityholders and such prospective Securityholder that the Servicer has the ability to service the Home Loans in accordance with this Agreement. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee, the Securities Insurer, the Master Servicer and the Owner Trustee agree that any information obtained pursuant to the terms of this Agreement shall be held confidential.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1998 3)

Right to Examine Servicer Records. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee, the Owner Trustee Issuer and each of their respective agents shall have the right upon reasonable prior notice, during normal business hours and as often as reasonably required, to examine, audit and copy, at the expense of the Person making such examination, any and all of the books, records or other information of the Servicer (including without limitation any Subservicer to the extent provided in the related Subservicing Agreement), ) whether held by the Servicer or by another on behalf of the Servicer, which may be relevant to the performance or observance by the Servicer of the terms, covenants or conditions of this Agreement. In the case of the supervisory agents and examiners of the Issuer, the Indenture Trustee, the Grantor Trustee, the Owner Trustee, the Grantor Trust Holder Trustee and the Securityholders, access to the documentation regarding the Home Loans required by applicable state and federal regulations shall be afforded without charge but only upon reasonable request and during normal business hours at the offices of the Servicer designated by it. Each Securityholder, Grantor Trust Holder, the Indenture Trustee, the Grantor Trustee and the Owner Trustee Issuer agree that any information obtained pursuant to the terms of this Agreement shall be held confidential. The Servicer also agrees to make available on a reasonable basis to the Securityholders or any prospective Securityholder a knowledgeable financial or accounting officer for the purpose of answering reasonable questions respecting recent developments affecting the Servicer or the financial statements of the Servicer and to permit the Securityholders and any prospective Securityholder to inspect the Servicer's servicing facilities during normal business hours for the purpose of satisfying the Securityholders and such prospective Securityholder that the Servicer has the ability to service the Home Loans in accordance with this Agreement.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Financial Asset Securities Corp)

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